Halma Announces Record Earnings and Strategy for Continued Expansion
$150m earmarked for acquisitions
Cincinnati, OH (June 22, 2010) – Halma p.l.c., the leading global safety, health and sensor technology group, has announced record results with profits up 9% to $125m and revenue rising by 1% to $665m. The UK-based group, which includes photonics companies Ocean Optics, Ocean Thin Films, Labsphere, and Fiberguide, has posted strong financials to raise shareholder dividends by 7%, the thirty-first consecutive year of increases. Halma’s 11 US subsidiaries generate about 30% of its revenue. The company plans to augment its organic growth efforts through acquisition of complementary technology companies, as it has done for many years.
Halma’s subsidiaries operate in three main market sectors: Health and Analysis (which includes Halma’s photonics companies), Infrastructure Sensors, and Industrial Safety, creating shareholder value with consistent organic growth and sound acquisitions. Halma companies operate as independent entities under the day-to-day direction of their local management, while reaping the capital and network benefits of a larger multi-national parent.
The company is seeking successful and profitable companies that are closely allied to any of its current market sectors although photonics is a particular focus. It has $150m earmarked for acquisitions.
Halma’s photonics companies are established brands with market-leading technologies and products, which range from spectrometers to complementary technologies such as chemical sensors, analytical instrumentation, optical fibers, thin films and optics. The scope of applications is vast, from cancer detection to specialized architectural and theater lighting filters.
“We are proud of the success our companies have attained and really excited about the continuing opportunities within the photonics industries,” explains Adam Meyers, Divisional Chief Executive of Halma’s Health Optics & Photonics Division. “Halma is a terrific home for a growing company whose management desires a broader set of partners to collaborate with, readily available capital, and support to help drive their people, products and technologies to reach their fullest potential.”
To present potential acquisitions opportunities, please contact Adam Meyers, Divisional Chief Executive, (email@example.com), Tel: +1 973 263 9962.